Thursday, August 16, 2007

Very interesting!

According to Wall Street Guru Jim Cramer, both Wells Fargo Bank and Bank of America have little exposure to Sub-Prime Mortgage Loan problems as he explains they played those cards well.

This is quite unlike many other banks and mortgage loan businesses who did make tons of bad loans and many of those to Illegal Aliens. Those Illegal's who were buying the homes left behind by those using unusually huge equity gains to buy Bigger homes. Homes that otherwise they could not afford.

The part I find most interesting is that both Wells Fargo and B of A have been more than anxious to help the Illegal's with checking accounts, short leash credit cards and assisting them with sending money back home to Mexico.

But now it seems as they stopped milking the cow just in time and are now free of helping clean-out the barn.